Question NW1558 to the Minister of Mineral Resources
08 June 2017 - NW1558
Lorimer, Mr JR to ask the Minister of Mineral Resources
(1)(a) What is the total amount of money set aside for the rehabilitation of the Optimum Colliery as at the latest date for which information is available, (b) in which form(s) have the monies been set aside and (c) where are the monies kept; (2) whether the specified amount has changed since 1 April 2016 to date; if so, what are the relevant details?
Reply:
(1) (a) According to the company records there is an amount of R1, 523, 405, 982.36.
(b) Trust Fund
(c) Bank of Baroda
(2) According to the company records the amount has not changed, however the amount may likely to change due to interest accrued on maturity date.
Approved/Not Approved
Mr MJ Zwane, MP
Minister of Mineral Resources
Date Submitted:-……………/………………/2017